$BE has an entry zone of $27.29 - $28.70
I got in yesterday and started to build my position.
In case you are wrong, using 20/40/40 method for taking a full position has proven valuable to me.
My first entry is for 20% of a whole position then I average in ONLY when the stock is going up or on dips if the up trend is strong and formed.
I used volume shelves to determine levels for buying. I do not buy if a day candle wicks into the range, the closing price must be above the target entry zone.
I have good reason for holding the entry zone on close and have been burned when entering intra-day on wicks into the zone (look at JMIA - a close above $68 was my entry, never made and I ended up in a loser).
Earnings come within a couple of weeks, so mind your position with earnings beat or miss in mind and have the appropriate position managed around earnings.
Target 1 is around $32.30, where i expect to run into consolidation and resistance, target 2 is $40.
So you can see the swing trade will result in around 12.5% - 39.4%.
I got in yesterday and started to build my position.
In case you are wrong, using 20/40/40 method for taking a full position has proven valuable to me.
My first entry is for 20% of a whole position then I average in ONLY when the stock is going up or on dips if the up trend is strong and formed.
I used volume shelves to determine levels for buying. I do not buy if a day candle wicks into the range, the closing price must be above the target entry zone.
I have good reason for holding the entry zone on close and have been burned when entering intra-day on wicks into the zone (look at JMIA - a close above $68 was my entry, never made and I ended up in a loser).
Earnings come within a couple of weeks, so mind your position with earnings beat or miss in mind and have the appropriate position managed around earnings.
Target 1 is around $32.30, where i expect to run into consolidation and resistance, target 2 is $40.
So you can see the swing trade will result in around 12.5% - 39.4%.
better not bitter